secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001500435-24-000152
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoPro Q3 revenue $259M down 12% YoY; GAAP EPS loss $0.05; restructuring plan to cut costs
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- Revenue $259M, down 12% YoY; GAAP net loss $8M ($0.05 loss per share) vs loss $4M ($0.02) prior year.
- Non-GAAP net loss $0.5M (breakeven per share) vs net income $9M ($0.06) prior year; adjusted EBITDA $5M.
- Subscribers 2.56M (+2% YoY); subscription & service revenue $27.5M (+11% YoY) with ARPU up 9%.
- Gross margin improved to 35.5% GAAP (up 350 bps); cash $130M.
- Announced updated restructuring plan in Q4 2024 to substantially reduce operating expenses for 2025 profitability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043524000152/0001500435-24-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043524000152/gpro-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001500435-24-000152

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